Medallion Bank UTAH Pref Shares MEDBNK 9.0 Perp 07/01/30 | 10-Q: FY2025 Q2 EPS: USD 0.46

EPS: As of FY2025 Q2, the actual value is USD 0.46.

EBIT: As of FY2025 Q2, the actual value is USD 19.47 K.

Segment Revenue

• Recreation Lending: Total interest income for the three months ended June 30, 2025, was $51,101 thousand, and for the six months ended June 30, 2025, was $101,567 thousand.
• Home Improvement Lending: Total interest income for the three months ended June 30, 2025, was $20,133 thousand, and for the six months ended June 30, 2025, was $39,904 thousand.
• Commercial Lending: Total interest income for the three months ended June 30, 2025, was $3,755 thousand, and for the six months ended June 30, 2025, was $7,098 thousand.
• Taxi Medallion Lending: Total interest income for the three months ended June 30, 2025, was $72 thousand, and for the six months ended June 30, 2025, was $152 thousand.

Operational Metrics

• Recreation Lending: Net interest income for the three months ended June 30, 2025, was $38,247 thousand, and for the six months ended June 30, 2025, was $76,672 thousand. Provision for credit losses for the three months ended June 30, 2025, was $15,336 thousand, and for the six months ended June 30, 2025, was $32,206 thousand.
• Home Improvement Lending: Net interest income for the three months ended June 30, 2025, was $12,808 thousand, and for the six months ended June 30, 2025, was $25,615 thousand. Provision for credit losses for the three months ended June 30, 2025, was $3,934 thousand, and for the six months ended June 30, 2025, was $6,779 thousand.
• Commercial Lending: Net interest income for the three months ended June 30, 2025, was $2,598 thousand, and for the six months ended June 30, 2025, was $4,888 thousand. Provision for credit losses for the three months ended June 30, 2025, was $2,912 thousand, and for the six months ended June 30, 2025, was $6,026 thousand.
• Taxi Medallion Lending: Net interest income for the three months ended June 30, 2025, was $34 thousand, and for the six months ended June 30, 2025, was $102 thousand. Provision for credit losses for the three months ended June 30, 2025, was - $620 thousand, and for the six months ended June 30, 2025, was - $1,435 thousand.

Cash Flow

• Operating Cash Flow: Net cash provided by operating activities for the six months ended June 30, 2025, was $25,536 thousand.

Unique Metrics

• Recreation Lending: Charge-off ratio was 3.11% when including loans held for sale for the three months ended June 30, 2025.
• Home Improvement Lending: Charge-off ratio was 1.87% for the three months ended June 30, 2025.

Future Outlook and Strategy

• Core Business Focus: The company continues to focus on growing its consumer finance and commercial lending businesses, with a strategic emphasis on recreation and home improvement lending segments.
• Non-Core Business: The taxi medallion lending segment is being managed down, with a focus on maximizing recovery from existing loans.